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The Jamestown Board of Public Utilities (BPU) approved the 2017 District Heating and Chilling Division with no rate increase for the coming year.
BPU General Manager David Leathers explained that although the projected net income for year-end 2016 is $7,300, the proposed budget recommends no rate increase in 2017.
Heat sales in 2017 are expected to be $1.6 Million and chiller sales to be $54,000. Operating expenses for 2017 are budgeted to be $1.4 million which is $20K or 6% more than 2016 projections. This is primarily due to an anticipated increase in fuel costs.
The 2017 capital budget includes $60,000 for water circulation pumps, $20,000 for various distribution line installations and $50,000 for meter replacements and upgrades.